Stocks Fall, Bond Rout Deepens as US-Iran Strikes Enter Second Day
📉 BONDS — Equities selling while bonds also fall means nowhere left to hide. 📌 LOOK CLOSER: A simultaneous stock and bond rout removes the classic flight-to-safety trade — Treasuries should rally in a war shock, not sell off. Bond selling signals inflation fear trumping safety demand: markets pricing sustained oil above $90 as structural. For European governments refinancing debt this quarter, rising US yields pull their spreads wider. The war premium is now embedded in cost of capital.
